§ 20-42-2-1 Application
§ 20-42-2-2 “Fund”
§ 20-42-2-3 Sources of fund
§ 20-42-2-4 Prohibition on reducing principal of fund
§ 20-42-2-4.5 Transfer of custody of fund balance to state
§ 20-42-2-5 County liability for fund
§ 20-42-2-6 Deposit of interest in fund
§ 20-42-2-7 Annual distribution of balance to school corporations
§ 20-42-2-8 Report to secretary of education
§ 20-42-2-9 Distributions proportional to balance deposited in fund from township
§ 20-42-2-10 Loans; required interest rate
§ 20-42-2-11 Minimum balance; loans; maximum term
§ 20-42-2-12 Form of loan agreement
§ 20-42-2-13 Distribution of loaned amount from fund
§ 20-42-2-14 Investments
§ 20-42-2-15 Receipts for payment of principal or interest on loan

Terms Used In Indiana Code > Title 20 > Article 42 > Chapter 2 - County Administration of Congressional Township School Fund

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • fund: refers to a congressional township school fund administered by a county. See Indiana Code 20-42-2-2
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
  • Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5